UPU International Bureau Director-General arrives in Baku
Azerbaijan, Baku, Nov. 30 / Trend H.Valiyev /
General Director of the Universal Postal Union (UPU) International Bureau Eduard Dayan will familiarize with the financial services development project in the postal field in Azerbaijan, the Azerbaijani Communications and IT Ministry told Trend on Tuesday.
Dayan will arrive in Baku to participate in the presentation of the results of the project, which will be held on Dec.1. He will visit the head office of LLC "Azerpoct", get familiar with the activities undertaken so far under the project. The presentation will also be attended by representatives of the World Bank (WB), the RCC postal administrations and regional postal organizations.
The total cost of the project, which centered on modernizing the postal network, is $17.5 million. Roughly $12.25 million was provided by a WB loan. The remaining sum was provided by the Azerbaijani government. The Swiss government also provided technical assistance worth $612,000 to implement the project.
The project's implementation was extended to this summer to complete technical processes without extra resources. As a result of the project, the operator received a license in April to provide limited banking services from the Central Bank of Azerbaijan.
The Azerbaijani Azerpoct national postal operator has over 600 post offices connected to a an automated corporate information system, which allows for the provision of such services, Azerbaijani Ministry's Postal Department head and Regional Commonwealth of Communications (RCC) Postal Service Commission Deputy Chairman Novruz Mammadov told Trend earlier.